The Goodman Group and Legal & General have sold their UK business parks business Arlington Properties to TPG Real Estate. The price was not disclosed but IPE Real Estate understands that Arlington, which owns offices, developments and land banks in Greater London and the South East, was sold for approximately £450m (€489m). The deal gives US private equity firm TPG access to 57 buildings, a number of pre-committed developments  and one of the largest consented commercial land banks in the UK, encompassing 250 acres. TPG Real Estate said the business will be restructured and managed as a new standalone property company.